Snap stock price closed at $12

Snap stock price closed at $12.84 today, reflecting a 1.9% gain amid moderate market volume. Analysts note stronger engagement metrics in Q2, potentially driving upward revisions in revenue forecasts. Investors are watching the $13 resistance level closely as a key technical break point. Related: Government shutdown poses threat to stock market rally The upshot: using this approach, Snap’s intrinsic value is calculated at $18.46 per share. Compared to today’s share price, that suggests Snap is currently trading at a 60.2% discount to its real worth. In other words, the stock appears considerably undervalued according to this fundamental model. Today’s Snap stock price sits at $12.86 after mild profit-taking in afternoon trades. Hedge funds appear to be rebalancing positions, favoring companies with high mobile engagement metrics in anticipation of seasonal ad demand spikes.